Hi all - I read the most recent CBRE cap rate survey, and was wondering how you think cap rates for multifamily properties in the Louisville area compare to the most comparable cities in the survey?

"Survey says".... nope.

I had a third choice but I must have messed up editing survey so it is not showing.

I had the foundation contractor come take a look and he surveyed the house using a ZIP level and there was very little variance in the house pertaining to the foundation.

The appraiser will conduct what is called a "rental survey," which in essence is a comparison on what a similar unit would rent for nearby and from that they derive a gross monthly income number.Its important to note that on a refinance you have to actually have tenants to use net rental income while a purchase you do not(projected).

@Charles Parrish, I have had the lot surveyed awaiting the plats, I am considering extending the utilities to the parcel as they are not there currently to make the lot more attractive to potential buyers.   

They may or may not have an exiting survey you can use. 

However, I've also spent several hundred dollars on inspections and a flood survey.

You draw a map, hold the auction, and make surveying off the individual parcels the responsibility of the buyers.

She even claimed the city had workers our surveying the area.